State Street

State Street Corp. operates as a financial holding company. It conducts business primarily through State Street Bank. The firm operates through following business lines: Investment Servicing and Investment Management. The Investment Servicing business offers custody, product and participant-level accounting, daily pricing and administration, master trust and master custody, record-keeping, cash management, foreign exchange, brokerage and other trading services, securities finance, deposit and short-term investment facilities, loans and lease financing, investment manager and alternative investment manager operations outsourcing, and performance, risk and compliance analytics. The Investment Management business provides services through State Street Global Advisors, which provides a broad array of investment management, investment research and investment advisory services to corporations, public funds and other sophisticated investors. It offers strategies for managing financial assets, including passive and active, such as enhanced indexing, using quantitative and fundamental methods for both the U.S. and global equities and fixed-income securities. The company was founded in 1792 and is headquartered in Boston, MA.

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State Street exceeds Q4 expectations, eyes growth amidst challenges

State Street's Q4 2022 performance showcased resilience in a tough economic environment, with a focus on cost management and capital strength. The company is optimistic about growth opportunities in 2023, despite facing challenges in asset servicing and interest income forecasting.

State Street Q1 2023 Earnings: Resilient Performance Amid Market Challenges

State Street navigated market volatility in Q1, maintaining financial strength and returning capital to shareholders. Challenges include managing expenses, revenue impact from customer behavior, and provisioning sensitivity. Opportunities lie in revenue growth from acquisitions, new business installations, and optimizing RWA dynamics.

State Street reports solid Q2 performance amidst NII challenges

State Street delivered strong financial results in Q2 2023, with growth in key metrics and a focus on capital management and productivity enhancements.
Challenges lie ahead in NII, expense control, and potential regulatory impacts, but the company is proactively addressing these issues.
Opportunities exist in asset growth, deposit management, and client relationships, positioning State Street for continued success in the financial services industry.

State Street reports robust Q3 earnings, eyes private market growth

State Street's Q3 performance showcased strong financial results, emphasizing growth in AUC/A and successful asset servicing wins. The company's focus on cost management, revenue growth, and strategic initiatives positions it well for positive fee operating leverage in 2024. Challenges include managing expenses amid inflationary pressures and navigating evolving market dynamics.

State Street reports robust 2023 performance amidst NII challenges

State Street's strong financial performance, strategic initiatives, and shareholder value focus position the company for continued growth and resilience in 2024.
While facing challenges such as potential NII declines and regulatory uncertainties, State Street can leverage opportunities in digital assets, private markets, and client base expansion for future success.
By navigating challenges effectively, capitalizing on growth opportunities, and maintaining financial strength, State Street aims to drive positive performance and value creation for shareholders in the year ahead.

State Street (STT) reports strong Q1 performance and growth opportunities

State Street's Q1 2024 performance showcased robust financial results, record AUC/A, and strategic priorities for growth and efficiency.
While challenges like NII decline and expense management persist, opportunities in productivity enhancement and private markets growth are promising.
Investors can look forward to capital returns and ongoing technology investments driving operational improvements at State Street.
Overall, State Street's focus on financial strength, operational efficiency, and strategic growth initiatives positions it well for the future.

State Street reports strong Q2 earnings, eyes growth opportunities

State Street's Q2 2024 earnings call highlighted robust financial performance, strategic wins in asset services, and a focus on client engagement and operational efficiency.
The company's emphasis on sustained momentum, organic growth, and shareholder value enhancement underscored its commitment to driving long-term success and delivering value to stakeholders.
While facing potential challenges from market dynamics and regulatory changes, State Street remains well-positioned to leverage opportunities for growth, innovation, and market expansion in the financial services sector.

State Street reports record Q3 earnings and strategic growth outlook

State Street's Q3 2024 earnings call highlighted strong financial performance, operational efficiency, and strategic growth initiatives. The company achieved record EPS, strong ROE, and revenue growth, supported by the success of its State Street Alpha platform and Global Advisors.
While facing challenges such as CFO transition and market dynamics, State Street remains well-positioned to capitalize on opportunities for expansion, innovation, and sustainable growth. The company's focus on shareholder value, client trust, and market recognition underpins its competitive strength and resilience.
With an improved outlook, State Street is poised to navigate challenges, leverage opportunities, and drive long-term value creation for stakeholders. By prioritizing innovation, client-centric solutions, and financial stewardship, State Street aims to sustain its growth trajectory and competitive edge in the financial services industry.

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State Street Corp. engages in the provision of financial services to institutional investors. It operates through the Commercial and Financial Loans, and Commercial Real Estate Loans segments. The company was founded in 1792 and is headquartered in Boston, MA.

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U.S. Banks Gird For Dose Of Post-Stress-Test Trauma

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced its preliminary stress capital buffer (SCB) requirement, to be maintained at 2.5%, effective October 1, 2023, and the intention to increase its per share common stock dividend by 10% to $0.69 in the third quarter, subject to consideration and approval by its Board of Directors. It remains the Company's intention to continue common share repurchases under its existing authorization for up to a total of $4.5 billion in.

State Street Corporation Announces Preliminary Stress Capital Buffer Requirement and the Intention to Increase its Quarterly Common Stock Dividend by 10% to $0.69 per share

BOSTON--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), has marked the 5th anniversary of its SPDR Gold MiniShares® Trust (GLDM®). Launched on June 25, 2018, GLDM is the leader among low-cost gold ETFs in the market with more than $6.2 billion in assets.1 Since its launch GLDM has grown to be the third largest gold ETF in the US.2 “At just 10 basis points, GLDM has proven to be a great low-cost choice for long-term buy and ho.

SPDR® Gold MiniShares® Trust Marks 5th Anniversary with Over $6 Billion in Assets

After a June 20 interview with State Street executives, I learned that generative AI could revolutionize how it operates in the years ahead.

How Generative AI Could Revolutionize State Street

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) plans to announce its second-quarter 2023 financial results on Friday, July 14, 2023 at approximately 7:30 a.m. ET. The results will be reviewed via webcast and teleconference at 10:00 a.m. ET. The conference call will be accessible via audio webcast on State Street's Investor Relations website, http://investors.statestreet.com, and by telephone at (+1) 888-886-7786 (Conference ID: 22754162). Materials will be available on State Stre.

State Street Corporation Announces Date for Release of Second-Quarter 2023 Financial Results and Conference Call Webcast

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced that its Alpha front-to-back asset servicing platform for institutional investment and wealth managers, now supports the entire ETF (exchange traded funds) lifecycle with front, middle and back-office capabilities, with everything bolstered by The State Street Alpha℠ Data Platform (ADP). The new State Street Alpha for ETF Issuers offering integrates Charles River Development's front office products with State Street's.

State Street Expands State Street Alpha℠ with New Front-to-Back ETF Capabilities

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced information regarding the transition of its presently outstanding U.S. Dollar LIBOR-linked instruments, consisting of several floating or fixed-to-floating rate debt securities and series of preferred stock represented by depositary shares (collectively, the “USD LIBOR Securities”), to other rate mechanisms, based upon a broader industry transition away from U.S. dollar LIBOR (“USD LIBOR”). In March 2021, the U.K.'s F.

State Street Corporation Announces Transition Information for Outstanding U.S. Dollar LIBOR-Linked Instruments

State Street's stock (NYSE: STT) has lost 7% YTD, as compared to the 11% rise in the S&P500 over the same period.

State Street Stock Is Undervalued

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State Street is down 29% from 52-week highs and investors should take notice of this cyclical company with revenues tied to long-term market valuations. Q1 2023's 3% EPS decrease was being driven by lower fee revenue (-9%) but partially offset by higher net interest income.

State Street: Looks Intriguing Trading At Book Value

State Street continues to have healthy CET1 capital ratios. The current stock price trend is in a buying range.

State Street: A Financial Industry Anchor Sailing Strong

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today that Vice Chairman & Chief Financial Officer, Eric Aboaf, will participate in Morgan Stanley's US Financials Conference in New York on Monday, June 12, 2022, at 1:00 pm ET. An audio webcast will be accessible on the home page of State Street's Investor Relations website, investors.statestreet.com. A recorded replay will be available on the Investor Relations website later that day, for approximately ninety days fo.

State Street to Participate in Morgan Stanley's US Financials Conference

BOSTON--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced it will offer more investors, including those owning its US ETFs and US mutual funds, the power to choose a voting policy that directs the proxy votes of shares owned in the index equity funds in which they are invested. The current program will expand to provide investors in all US institutional index equity funds offered by the firm in the US a range of.

State Street Global Advisors to Extend Proxy Voting Choice to ETFs and Mutual Funds

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today that it has issued an aggregate principal amount of $2 billion of senior unsecured debt. The offering, which closed today, was structured in keeping with State Street's ongoing inclusion, diversity and equity efforts, with Samuel A. Ramirez & Company, Inc. acting as a joint book-running manager, and CAVU Securities, LLC, Independence Point Securities LLC, and Siebert Williams Shank & Co., LLC, each acting as c.

State Street Partners with Diverse Firms to Underwrite $2 Billion of Senior Unsecured Debt

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BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced a quarterly cash dividend of $0.63 per share of common stock, payable on July 13, 2023 to common shareholders of record at the close of business on July 3, 2023. About State Street Corporation State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $37.6.

State Street Corporation Declares Second-Quarter Dividend on its Common Stock

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced a cash dividend on each of the below outstanding series of non-cumulative perpetual preferred stock: Series D (represented by depositary shares, each representing a 1/4000th interest in a share of Series D preferred stock). The cash dividend is in the amount of $1,475.00 per share of Series D preferred stock (resulting in a distribution of approximately $0.3687 per depositary share) and is payable on June 15, 2023 to t.

State Street Corporation Declares Dividends on Its Non-Cumulative Perpetual Preferred Stock Series “D”, “F”, “G” and “H”

Persistently increasing expenses and substantial exposure to fee income are major near-term headwinds for State Street (STT). Yet, higher rates, acquisitions and global reach will offer some support.

State Street (STT) Hurt by Rising Expenses, High Rates to Aid

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced that it has been appointed to provide custody services for Bladex, a Panama-based multinational bank established by the central banks of 23 Latin-American and Caribbean countries to promote foreign trade and economic integration in the region. “We are pleased to announce this mandate with Bladex, as we continue to expand our custody capabilities across the region, furthering our goal of supporting leading institutional.

State Street Announces Global Custody Mandate with Bladex

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today the introduction of the State Street Carbon Asset Servicing Solution and depositary services that allows asset managers, asset owners and other financial services institutions globally the ability to integrate carbon-related assets into their portfolios as the demand for the asset class continues to grow. Historically, the carbon assets market has been made up of many disparate components and manual processes. In util.

State Street Launches Global Carbon Asset Servicing Solution

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced the launch of three publicly available data-driven indicators that will provide unprecedented insight into the aggregate portfolio allocation trends of some of the world's largest institutional investors. The Institutional Investor Holdings Indicator, Institutional Investor Risk Appetite Indicator and the State Street S&P Global Institutional Investor Carbon Indicator, powered by S&P Global Sustainble1, will d.

State Street Announces First-of-Their-Kind Indicators Measuring Institutional Investor Flow, Holdings and Carbon Exposure Derived from Its Leading Position as Servicer to Trillions in Assets

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BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today that its Chairman & CEO, Ron O'Hanley, and Vice Chairman & Chief Financial Officer, Eric Aboaf, will participate in Autonomous Bernstein's 39th Annual Strategic Decisions Conference in New York on Wednesday, May 31, 2023 at 9:00 am ET. An audio webcast will be accessible on the home page of State Street's Investor Relations website, investors.statestreet.com. A recorded replay will be available on the Investor.

State Street to Participate in Autonomous Bernstein's 39th Annual Strategic Decisions Conference

State Street's shares slumped more than 9% after earnings, but some investors have started to buy the drop. The bank said that it lost deposits as investors rotated funds to other investment products, but I believe the market reaction is overdone.

News for State Street Stock (STT)